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Nat CAT tag returned 1149 results

  • Insurance needs to change for social good

    A new report, Climate in Peril published by Howden insurance broker analyses a wide range of topics that include the science of climate change, increased loss frequency and severity, the power of insurance in incentivising 'better' behaviours through an ESG lens - alongside the opportunities presented by the transition to net-zero and the innovative use of insurance capital in the disaster relief space.

    Asia Risk | 27 Oct 2021
  • Over a quarter of all critical infrastructure is exposed to flood risk

    Over a quarter (25%) of all critical infrastructure in the US is at risk of becoming inoperable today and almost the same numbers (23%) of all road network (3.22m kms) of the country could become impassable due to floods according to the first ever nationwide community level flood resilience report titled the 3rd National Risk Assessment: Infrastructure on the Brink.

    Asia Risk | 27 Oct 2021
  • COP26 - climate change risk management framework and guidance

    Recognising the importance of environmental, social and governance (ESG) issues to global business and the pivotal role that risk managers will have in helping to address the climate crisis, the Institute of Risk Management (IRM) has published a guidance report focused solely on climate change for risk managers.

    Asia Risk | 27 Oct 2021
  • Insurers face near-term $100bn-plus Nat CAT loss per year

    Nat CAT losses are likely to cost the insurers an average of around $106bn annually in the short term. This compares with $75bn Nat CAT losses a year during the past decade.

    Asia Risk | 27 Oct 2021
  • Bermudian insurer strengthens fossil fuel underwriting and investment policy

    AXIS Capital Holdings, as a part of its commitment to support the transition to a low-carbon economy, has initiated several changes in its fossil fuel underwriting and investment policy related to thermal coal, oil sands and the Arctic National Wildlife Refuge.

    Asia Risk | 27 Oct 2021
  • ASEAN: Region has sufficient Nat CAT insurance capacity

    Insurance capacity to cover natural disasters is adequately available in ASEAN, despite the region's considerable natural catastrophe exposure.

    Asia | 27 Oct 2021
  • Turkey: Disaster pool pays record US$41m in compensation for losses in a quake

    The Turkish Catastrophe Insurance Pool (TCIP) has paid out TRY401m ($41.8m) in compensation for losses caused by the magnitude-7 Izmir earthquake that struck on 30 October 2020.

    Middle East | 26 Oct 2021
  • New Zealand: Govt passes world-first climate reporting legislation

    New Zealand has become the first country in the world to pass a law that will ensure financial organisations disclose and ultimately act on climate-related risks and opportunities, Commerce and Consumer Affairs Minister Dr David Clark and Climate Change Minister James Shaw announced in a joint statement yesterday.

    Asia | 22 Oct 2021
  • Global: US$1.5tn capital pool could be deployed to extend insurance protection against climate change -- Howden

    International insurance broker Howden estimates that as much as $1.5tn of total pension fund capital could be deployed in the (re)insurance space to help close the protection gap in poor communities who are facing the starkest effects of climate change.

    Asia | 22 Oct 2021
  • China: Guo Shuqing says need for insurance covering typhoons, floods is urgent

    Mr Guo Shuqing, CBIRC chairman, has said that China's catastrophe insurance scheme takes earthquakes as the main cause of disasters, but it is urgent to include typhoons, floods, and droughts in the scheme's coverage.

    Asia | 22 Oct 2021

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